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            <li class="nav-item" data-bs-level="1"><a href="#_1" class="nav-link">行业轮动小市值策略</a>
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            <li class="nav-item" data-bs-level="2"><a href="#1" class="nav-link">1. 策略分类和核心逻辑</a>
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            <li class="nav-item" data-bs-level="2"><a href="#2" class="nav-link">2. 选股条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#3" class="nav-link">3. 买入条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#4" class="nav-link">4. 卖出条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#5" class="nav-link">5. 仓位管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#6" class="nav-link">6. 风控管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#7" class="nav-link">7. 手动实操步骤（纯人工交易版）</a>
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<h1 id="_1">行业轮动小市值策略</h1>
<h2 id="1">1. 策略分类和核心逻辑</h2>
<ul>
<li>一级分类：行业轮动策略</li>
<li>二级分类：市场宽度择时 + 小市值选股</li>
<li>核心逻辑：通过监控全市场行业宽度，在排除"四大搅屎棍"行业（银行、有色、钢铁、煤炭）的干扰后，选择基本面优质的小市值股票进行投资，实现行业轮动与小市值溢价的结合。</li>
</ul>
<h2 id="2">2. 选股条件</h2>
<ul>
<li>选股范围：中证全指成分股（排除科创板、北交所、创业板、ST股、上市未满375天新股）</li>
<li>行业择时：</li>
<li>计算全市场行业宽度指标</li>
<li>排除银行、有色金属、钢铁、煤炭四大行业主导时期</li>
<li>选择行业宽度表现最好的前N个行业</li>
<li>基本面筛选：</li>
<li>盈利能力：ROE &gt; 15%，ROA &gt; 10%</li>
<li>市值排序：按总市值从小到大排序</li>
<li>技术面筛选：</li>
<li>排除停牌股票</li>
</ul>
<h2 id="3">3. 买入条件</h2>
<ul>
<li>调仓频率：每周调仓一次（周一）</li>
<li>买入时点：调仓日上午9:30执行</li>
<li>买入规则：</li>
<li>先卖出不再符合条件的持仓</li>
<li>再买入新入选的股票</li>
<li>数量限制：固定持有10只股票</li>
<li>资金分配：等分可用资金买入</li>
</ul>
<h2 id="4">4. 卖出条件</h2>
<ul>
<li>定期调仓：每周评估，不在选股池中即卖出</li>
<li>涨停跟踪：昨日涨停的持仓股，今日涨停打开立即卖出</li>
<li>行业择时：四大搅屎棍行业出现时清仓</li>
<li>卖出时点：下午14:00执行涨停股检查</li>
</ul>
<h2 id="5">5. 仓位管理</h2>
<ul>
<li>持仓数量：固定持有10只股票</li>
<li>资金分配：等分资金到每只新买入股票</li>
<li>总仓位：根据行业择时信号动态调整</li>
<li>空仓机制：特定行业出现时保持空仓</li>
</ul>
<h2 id="6">6. 风控管理</h2>
<ul>
<li>行业风控：通过排除周期性强的四大行业控制系统性风险</li>
<li>基本面风控：严格的财务指标筛选确保标的质量</li>
<li>市值风控：小市值股票但通过基本面过滤控制质量</li>
<li>流动性风控：排除涨跌停极端情况的股票</li>
<li>择时风控：行业宽度指标作为市场情绪风控</li>
</ul>
<h2 id="7">7. 手动实操步骤（纯人工交易版）</h2>
<p>第一步：行业分析（每周一9:05前）</p>
<ol>
<li>行业宽度计算：</li>
<li>获取中证全指成分股</li>
<li>计算各行业股价在20日均线以上的比例</li>
<li>
<p>生成行业宽度排名</p>
</li>
<li>
<p>搅屎棍检测：</p>
</li>
<li>检查银行、有色、钢铁、煤炭行业是否在领先位置</li>
<li>如果出现则保持空仓</li>
<li>否则进入选股流程</li>
</ol>
<p>第二步：选股执行（周一9:30前）</p>
<ol>
<li>基础筛选：</li>
<li>排除不符合条件的股票</li>
<li>筛选ROE&gt;15%、ROA&gt;10%的股票</li>
<li>
<p>按总市值从小到大排序</p>
</li>
<li>
<p>最终选择：</p>
</li>
<li>选择前10只市值最小的股票</li>
<li>排除停牌和涨跌停股票</li>
<li>生成买入名单</li>
</ol>
<p>第三步：调仓准备（周一开盘前）</p>
<ol>
<li>持仓分析：</li>
<li>检查当前持仓情况</li>
<li>识别昨日涨停的持仓股</li>
<li>
<p>准备调仓对比名单</p>
</li>
<li>
<p>资金规划：</p>
</li>
<li>计算可用资金总额</li>
<li>确定每只新股的买入金额</li>
</ol>
<p>第四步：调仓执行（周一9:30）</p>
<ol>
<li>卖出操作：</li>
<li>卖出不在新选股池中的持仓</li>
<li>
<p>保留昨日涨停且继续涨停的股票</p>
</li>
<li>
<p>买入操作：</p>
</li>
<li>等分资金买入10只新股</li>
<li>记录买入价格和基本信息</li>
</ol>
<p>第五步：盘中监控（每日14:00）</p>
<ol>
<li>涨停股跟踪：</li>
<li>监控昨日涨停持仓股的表现</li>
<li>涨停打开的股票立即卖出</li>
<li>记录卖出操作和原因</li>
</ol>
<p>第六步：行业监控</p>
<ol>
<li>持续观察：</li>
<li>每日监控行业宽度变化</li>
<li>关注四大搅屎棍行业表现</li>
<li>
<p>及时调整投资策略</p>
</li>
<li>
<p>基本面跟踪：</p>
</li>
<li>定期检查持仓股财务指标</li>
<li>关注财报更新对持仓的影响</li>
<li>评估策略适应性</li>
</ol>
<p>第七步：纪律执行</p>
<ol>
<li>周期纪律：</li>
<li>严格按周度周期调仓</li>
<li>坚决执行行业择时规则</li>
<li>
<p>保持10只股票等权重配置</p>
</li>
<li>
<p>风控纪律：</p>
</li>
<li>严格执行四大行业排除规则</li>
<li>及时处理涨停股卖出</li>
<li>保持策略一致性</li>
</ol>
<p>交易成本考虑：
- 买入佣金：0.03%
- 卖出佣金：0.03%
- 印花税：0.1%
- 最低佣金：5元/笔
- 滑点：0%</p>
<p>风险提示：该策略结合行业轮动和小市值选股，波动性相对较大。行业宽度指标可能存在滞后性，需要结合其他指标确认。四大行业排除规则可能在某些市场环境下错过收益机会。小市值股票虽然通过基本面筛选，但仍需注意流动性风险。</p></div>
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